One In the News article titled "Sharpest Economic Decline in 26 Years" states that
A)Real GDP fell by 6.8 percent in the last quarter of 2007.
B)Real GDP fell by 3.8 percent in the last quarter of 2008.
C)The drop in real GDP in 2008 was the greatest in 50 years.
D)The drop in real GDP in 2008 was the greatest since the Great Depression.

Question

Quizplus · Accepted Answer

The correct choice is B because it specifies a factual decline in real GDP by 3.8 percent in the last quarter of 2008, which aligns with historical economic data from that period. Choices A, C, and D provide incorrect figures or exaggerated comparisons not supported by the typical economic data from that time.

One in the News Article Titled "Sharpest Economic Decline in 26